HL Economics

Greece in Trouble

according to the CNN article, europe has been “dragging its feet” in regard to bailing Greece out during its market collapse. Stimulus and buying their way out fo trouble has been the reaction to the economic downturn most recently. The US had its biggest ever stimulus package signed and released to buy the american citizen out of trouble. Unfortunatly, as history has proven, buying your way out of a recession also buys inflation, which some consider to be the greatest economic evil. It was only when government back out of the economy that finaces turned around in the 80’s, yet we find our selves it the same place, lttign the money flow. Bailing Greece out wont help them in the long run. Maybe at first it would help stabalize the economy, but in the long run inflation will rise and greece will be worse off then before. maybe by letting the market do its thing there will be hard time, but sitting it out the economy could be doing better on the other side than ever before.